Macy's is an American chain of department stores founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. As of January 31, 2022, there were 510 stores (570 boxes), including 11 flagships (16 boxes) and 384 magnets (429 boxes), for a total of 395 core stores (445 boxes), and 51 neighborhood stores (56 boxes), 47 furniture galleries (52 boxes), 2 furniture clearance centers, 8 freestanding Backstage stores, 5 Market by Macy's and 2 stores converted to fulfillment centers (there are a total of 506 full line stores) with the Macy's nameplate in operation throughout the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan. The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017.
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